The Challenges of the Common General Agreements on Development of the Shared Trans-Boundry Oil and Gas Fields - Move Toward Local Models

Document Type : ISI

Authors

1 Assistant Professor, Department of Insurance and Finance Management, Faculty of Management, University of Tehran

2 Assistant Professor, Faculty of Law and Political Science, Department of International Relations, University of Tehran

3 Ph.D. candidate of international oil and gas contracts management, University of Tehran

Abstract

Common fields and their development method have been among the controversial issues in Iran's decision-making authorities, which have included some of these activities as legal acts. On the basis of the available information, there has been little success in exploiting these resources. This issue and its consequences, such as the sharing of benefits, have a history as long as oil. Various approaches have been selected from totally unilateral action to maximum coordination between the parties. Because of the importance of resources conservation, now the relationship between countries has led to the creation of the groundwork for further cooperation. These different approaches were affected by reservoir knowledge and the nature of the fluid and some other factors are shaping the relations between the parties. The available contractual tools played a fundamental role in mapping out the relationships between parties. In this paper, while briefly reviewing the historical trend, from the results of the reviews of the common frameworks of the agreements for joint development, several recommendations are presented for designing the local model.

Keywords

Main Subjects

References

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Journal Of Researches Energy Law Studies
Volume 4, Issue 2
Autumn & Winter
May 2019
Pages 427-459

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